The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-08-29
THE COAL TRADE.
The Fall Demand Beginning to Set In, but
Prices Unsatisfactory.

Prices Unsatisfactory.
Philadelphia Inquirer.
There are Indications that the New York city
trade has begun to start at last. 1t is for
this that the whole tr ade has been waiting, and
when the business acquires little more mo-
mentum the producers Will De entirely happy
Up to the present not much business has been
done. but the demand is increasing constantly,
showing that the retail dealers have begun lay
ing in their winter supply.
Outside of New York. however the trade is
in excellent shape. New England is taking
vast quantity of coal, the West has received
more than ever before and the Southern trade
is also excellent The local trade in Philadelphia
is fully up to last year at this tme but the rush
has not yet set in for the same reason that 1t IS
waiting in New York. Along the line the de-
mand is quite equal to expectations. All sizes
in request except ut coal, which will not be
needed for month to come, and pea COAL which
is slow Of sale and Consequently shaded in price.
AS the 1st of September approaches when 1t
was proposed to advance prices. the sentiment
of the trade is to be divided upon the ad-
visibility of doing 1t cannot be denied that
present prices not adhered TO. and it is also
certain that there is good deal of coal for sale.
Moreover, there is another feature in the trade
that has been overlooked. Everybody has been
expecting an enormous demand for coal this fall.
The offici al returns show that the output now is
about /, 900. 900 tons ahead of last year In 1856
the production 80 800, 900 tons, which was
the largest known in the history of the
trade If the output this is 2. 600, 900 in
cess of 1856 It will bring the total up to surprs-
ing figures. The country is growing every year.
it is true. but the capacity for producing coal IS
increasing just as fast. and there several
more collieries in existence now than there were
a year ago. 1t probable, therefore, that
there will be good deal more coal III the mar
ket this fall than there last and this fact
will prevent any extensive rise in prices. Ger
tainy the trade is in anything but satisfac tory
condition to base rise upon.
Pittsburg Telegraph.
An important meeting of the Pittsburg and
Southern Coal Association held at their
rooms in the Coal Exchange yesterday afternoon.
Reports of the condition of trade and prices at
New Orleans were received and discussed.
but there is unusually heavy stock of coal in
port. There are between 500 and 600 boats,
over 13 060 900 bushels at the docks. The best
season of the year is just opening, as sugar and
cotton are being shipped and the boats must
have coal. 1t was reported that a proposition
made to increase prices but this could not
be confirmed
Mr.. Joseph Walton. of the leading opera
tors in the association denied that any attempt
Nould be made to advance prices at this time on
account of having good market for the coal.
He says there about ZOO, 600 bushels of coal
loaded along the Monongahela ready TO go down
there is rise in the rivers In speak
ing of the big coal combination. mentioned in
this paper several weeks ago. he said: sit will
absorb the Pittsburg and Southern Coal Asso-
ciation and there is every indication that it will
be formed. Capt Sam Brown is sick now. and
Marmet, of Cincinnati. has not yet come in. but
confidently expect to have the pooling
arrangeme perfected before very long"